TechFlow news, October 25 — According to CoinDesk, Microsoft disclosed in its Schedule A filing with the U.S. Securities and Exchange Commission (SEC) that the National Center for Public Policy Research (NCPPR), a conservative think tank, plans to present a "Bitcoin Diversification Assessment" proposal at the company's annual shareholder meeting on December 10. Microsoft’s board recommends shareholders vote against the proposal.
In its proposal, NCPPR describes Bitcoin as “an excellent, if not the best, hedge against inflation,” and recommends that the company allocate at least 1% of its total assets to the cryptocurrency. The think tank is part of the "Project 2025" initiative, which advocates that corporations consider adding Bitcoin to their investment portfolios to hedge against inflation and other macroeconomic risks.
In its opposition statement, Microsoft said it has “carefully considered this matter.” The statement noted: “Past evaluations have included Bitcoin and other cryptocurrencies as potential options, and Microsoft will continue to monitor trends and developments in the cryptocurrency space to inform future decisions.”
Microsoft emphasized that it already has strong and appropriate processes in place to manage and diversify its corporate treasury funds in the interest of long-term shareholder value. The company believes the public assessment requested by the proposal is unnecessary. Microsoft also pointed out that, as acknowledged in the proposal itself, volatility is a significant factor when assessing whether cryptocurrency investments are suitable for corporate treasury management, which requires stable and predictable investments to ensure liquidity and operational funding.
